Rundown Coburg charmer tops reserve by $120,000

A DILAPIDATED Coburg house, left vacant for several years, has sold for a whopping $120,000 above reserve.

It was a “really competitive” auction for the century-old house at 262 Bell St, with four bidders vying for the four-bedroom charmer before it sold for $810,000, according to Barry Plant Coburg’s Sam Gotzilianis.

But despite the end result, it took a while to get going.

In fact, it opened with a vendor bid of $650,000, according to Mr Gotzilianis.

“But it flew from there in $10,000 and $20,000 rises,” he said.

“It was a really competitive auction — and the home sold to a local couple who plan to renovate it.”

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